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LLC «Ufagidromash» started serial production of hydraulic backup devices integrated with hydraulic tongs GKSH −3200. A simple design increases the reliability of the product. Hydraulic backup is easy to learn, easy to use and safe to operate.

Russian oil and condensate production reached a new post-soviet record of 10.7 million bbl/day in 2015, according to a new analysis from Wood Mackenzie. Condensate was a key driver in this development. By 2018, condensate production is expected to increase by 50% compared with 2014 levels, according to the firm. This, coupled with greenfield projects and increased enhanced oil recovery (EOR) activity, will continue to help stem the decline seen at conventional reservoirs out to 2020.

Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oilfield specialty chemicals at the service company level reached $25 billion in 2014. That’s up from nearly $16 billion in 2010. However, significant declines in oil prices have dampened the demand outlook for oilfield chemicals for the 2015 to 2019 period, according to a new global market study from IHS.